Capitalchief

Is altseason around the corner?

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
The BTC dominance is a good indicator of an altseason where all your useless sh-tcoins moon to the mars.

The current pattern is a continuation pattern. Support is currently broken but the D point of a triangle often sees fakeouts.
If broken, backtested and continued I will look for support at the 35 & 39% area.

If it goes lower we might go past Mars and we pretty soon need new planets
Comment:
So far it's dropping down and not recovering.
Would like to see further downside towards the 39% or a reclaim of the channel.
Currently undecided
Comment:
39% reached. No Altseason yet as the Altcoin Dominance chart is rejecting hard from resistance

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